Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.3
Segment Information
 3 Months Ended
Sep. 30, 2023
Segment Information [Abstract]  
Segment Information

Note 15. Segment Information

 

Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision–making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is its Chief Executive Officer. The Company operates in two segments, Fabrication Services, which consists of engineering review services and backend packaging services, and RF Filters, which consists of amplifier and filter product sales.

 

The Company evaluates performance of its operating segments based on revenue and operating profit (loss). Segment information for the three months ended September 30, 2023 and 2022 are as follows (in thousands):

 

    Fabrication
Services		     RF Filters     Total  
Three months ended September 30, 2023                  
Revenue   $ 2,665     $ 4,337     $ 7,002  
Cost of revenue     1,547       6,539       8,086  
Gross margin     1,118       (2,202 )     (1,084 )
Research and development    
—
       10,346       10,346  
General and administrative     1,298       8,926       10,224  
Income (Loss) from Operations   $ (180 )     (21,474 )     (21,654 )
                         
Three months ended September 30, 2022                        
Revenue   $ 932     $ 4,634     $ 5,566  
Cost of revenue     892       5,561       6,453  
Gross margin     40       (927 )     (887 )
Research and development    
—
       10,097       10,097  
General and administrative    
—
       6,982       6,982  
Income (Loss) from Operations   $ 40       (18,006 )     (17,966 )
                         
As of September 30, 2023                        
Accounts receivable, net   $ 1,093     $ 2,849     $ 3,942  
Property and equipment, net     2,300       55,840       58,140  
                         
As of June 30, 2023                        
Accounts receivable, net   $ 1,124     $ 3,629     $ 4,753  
Property and equipment, net     2,394       55,432       57,826